TPG Growth, the middle market and growth equity investment platform of TPG, is to buy a 40% stake in One Network Bank (ONB), a Davao-based rural bank subsidiary of BDO Unibank, Inc.. Based in Makati, Philippines, BDO is a full-service universal bank that provides a wide range of corporate and retail banking services, including traditional […]

ZipMatch, a Bonifacio Global City, Metro Manila, Philippines-based real estate marketplace, closed a $2.5m Series A round. The round was led by Singapore-based venture capital firm Monk’s Hill Ventures with participation from existing investors 500 Startups. The company intends to use the funds to recruit staff and experts in real estate, computer programming, content creation, […]

Global online food delivery marketplace Foodpanda acquired 8 competitors to expands its leadership in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong, Thailand, and in Middle East. It acquired: – JUST EAT India in India (which follows the purchase of TastyKhana in November), – Food Runner, in Malaysia, Philippines, and Singapore, – EatOye in Pakistan, – […]

CashCashPinoy, a Manila-based e-commerce company, raised $2m in funding. Hera Capital made the investment. The company intends to use the funds to further improve the mobile and tablet user experience. Led by Frederic Levy, founder and CEO, CashCashPinoy is an e-commerce company for Filipino consumers to find deals via a mobile experience. It works via […]

Rocket Internet AG, the Berlin, Germany-based Internet startup incubator, received a €333m investment from Philippine Long Distance Telephone Company (PLDT) (PSE:TEL) (NYSE:PHI), a Philippines-based telecoms operator. Under the terms of the partnership agreement, PLDT will acquire a 10% stake in Rocket in new shares. It will hold the right to appoint one member of Rocket’s […]

ZipMatch, a Manila, Philippines-based company which provides solutions for the real estate industry, raised its first seed round. The round – of undisclosed amount – was led by IMJ Fenox with participation from 500 Startups, IdeaSpace, and Hatchd Digital. The company intends to use the funds to roll out its solutions on a larger scale. […]